The North American biofertilizer market is estimated to grow at CAGR of 12.7% from 2014 to 2019. Biofertilizers play a vital role in optimizing organic content in soil, which provides necessary nutrition to plants. They are cost-effective as compared to chemical fertilizers, as biofertilizers increase soil fertility in the long run by restoring the natural nutrient generation cycle of soil.

Biofertilizers provide various benefits to the fertility and productivity of soil, by naturally boosting the nutrient uptake that is essential for the growth and development of plants. Nitrogen fixing biofertilizers, phosphate solubilizing biofertilizers, and potash mobilizing biofertilizers are different types of commonly used biofertilizers. The cost of producing biofertilizers depends upon the fermentation technology. The costs vary according to the relative ease of production and downstream processing.

The North American biofertilizer market is dominated by the U.S., followed by Canada. In the U.S., the biofertilizer business is relatively new, highly fragmented, under-capitalized, and growing rapidly. The U.S. is an important fertilizer importer. Though representing a tiny share of the fertilizer market in the U.S., demand for organic products is steadily progressing along with the demand for biofertilizers. The rapid development of biofertilizer use in agriculture, in addition to the increasing demand for organic food and other organic goods in the country has resulted in propelling the growth of the bio-fertilizer market. Canada, Peru, and Mexico are the main exporters of biofertilizers to the U.S. The increase in the cost of synthetic fertilizers and awareness towards the requirement of balanced nutrition for plants may have a positive impact on the U.S. biofertilizer market.

The North America biofertilizer market is a competitive market, and is dominated by leading market players such as Novozymes A/S (Denmark), Rhizobacter Argentian SA (Argentina), and Antibotice SA.

Scope of the Report

This research report categorizes the North American biofertilizer market into the following segments and sub-segments:

The North American bio-fertilizers market has grown exponentially in the last few years, and this growth is expected to continue in the future. The nitrogen-fixing bio-fertilizer segment is the largest among all its types. North America is the biggest market for bio-fertilizers, while the Asia-Pacific bio-fertilizers market is expected to grow at a faster pace in comparison to all other regions. The market is highly fragmented at the regional level due to the presence of various small-scale players.

The bio-fertilizer market is primarily driven by the growth in the organic food industry. Another market driver triggering the growth of this market is the promotion of bio-fertilizers by the governmental agencies. Even after extensive government efforts to promote bio-fertilizers, lack of awareness about the concept has become a major restraining factor hampering the growth of this market. According to a report published by FAO in 2012, the booming economies in several Asian countries have increased the bargaining power of consumers, which has further resulted in the increase in the overall demand for organic products. Thus, the Asia-Pacific region is an emerging market in the global bio-fertilizer industry.

The purpose of this study is to analyze the North American market for bio-fertilizers. This report includes revenue forecast, market trends, and opportunities for the period 2014 to 2019.

The North American bio-fertilizer market was valued at $272.3 million in 2014, and is projected to reach $495.0 million by 2019, at a CAGR of 12.7% from 2014 to 2019. The cereals and grains application segment accounted for a market share of 30.8% in 2014.

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North America Agriculture Biologicals Market
The North America agriculture biologicals market was valued at $1,409.07 million in 2014 and is projected to reach $2,758.24 million by 2019 at a CAGR of 14.4% during the forecast period. The market, by application is led by cereals and grains in 2014. In North America, U.S. has the largest share in the agriculture biologicals market. It constitutes of 72.47% of North America agriculture biologicals market. The biopesticides are mostly consumed in North America than other biological types.